MJ Hudson closes Bridge acquisition, as regulator approves merger
MJ Hudson has now closed on its acquisition of Bridge Group (“Bridge”), having received approval for the deal from the Central Bank of Ireland. We now have full ManCo, and regulatory service coverage across the key European fund management centres: UK; Channel Islands; Luxembourg; and Republic of Ireland.
As well as adding a Republic of Ireland office, the acquisition adds 35 staff to our third party management, regulatory, administration, and reporting team and 100 new asset manager clients, with an aggregate of more than EUR 120bn in assets.
Bridge Group is a “Super ManCo”, offering a range of regulatory compliance, domiciliation and related services, including third party management services, under both the UCITS and AIFMD regimes
Matthew Hudson, CEO, said:
“We are delighted to welcome the Bridge team to our group, following our decision to merge our businesses, back in October. The acquisition adds 35 excellent people and strengthens our platform of third party management and related services for asset managers, extending the services we can provide to the clients of our newly joined firms.”